Saturday, 14 August 2010

Tanesco seeks tariffs hike to cover losses

From The Citizen Daily, Dar es Salaam
By Sheilla Sezzy, Mwanza

The Tanzania Electric Supply Company Limited (Tanesco) forecasts a loss of Sh34.1 billion this year, mainly due to the depreciation of the shilling and increased operational costs.

According to the company’s deputy director of marketing, Mr Felishemi Mramba, Tanesco has since January this year, suffered a loss of Sh21.1 billion.

Speaking during a meeting between the Energy and Water Regulatory Authority (Ewura), Tanesco and Mwanza residents on Thursday, Mr Mramba said because of the projected losses, the power utility firm needs to raise power tariffs by 34.6 per cent this year.

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